Capital inflows to remain muted in Q2, can’t bridge CAD: CMIE
The drawdown in forex reserves is expected to continue in the September quarter, despite the possibility of lower capital outflows and improvement in current account deficit.
The drawdown in forex reserves is expected to continue in the September quarter, despite the possibility of lower capital outflows and improvement in current account deficit.
RBI says it's closely monitoring liquidity conditions in the forex market. Today, the rupee depreciated 18 paise to 79.25 against the U.S. dollar